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West Red Lake Gold Mines Inc

www: www.westredlakegold.com   email: investors@westredlakegold.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:WRLG CAD
OTCMKTS:WRLGF USD

Description

West Red Lake Gold Mines Inc are a gold focused junior, late stage developer with one mine in development in Canada and three exploration properties. They have approximately 2.8Moz. of gold in the reserves and resources category of which 1.8Moz. are in the measured and indicated category. They have a market capitalisation of ~C$209.15M which is a rise of roughly 10% over the last four months. As of 05/10/2024 they have no debt and ~C$18.41M cash. They have 264M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/10/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $190.03M $209.15M 05/10/2024 $19.12M
Total Assets: $78.74M $79.55M 05/10/2024 $0.80M
Total Liabilities: $24.06M $24.31M 05/10/2024 $0.24M
Current Assets: $22.60M $22.83M 05/10/2024 $0.23M
Current Liabilities: $8.75M $8.84M 05/10/2024 $0.09M
Total Debt: $0.00M $0.00M 05/10/2024 $0.00M
Cash: $18.23M $18.41M 05/10/2024 $0.19M
Enterprise Value: $171.80M $190.74M 01/17/1976 $18.94M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 05/13/2023 n/a
Misc 05/10/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 264,000,000 264,000,000 05/10/2024 0
Shares (FD): 389,000,000 389,000,000 05/10/2024 0
Insider Ownership: n/a 35% 05/10/2024 35%
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2026 05/13/2023 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 05/13/2023 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 05/13/2023 0
Initial CapEx (Outstanding): n/a n/a 05/13/2023 n/a
Funding Option: n/a n/a 05/13/2023 n/a
Documentation: none none 05/10/2024 n/a
Future MCap Modifier: 0.15
Developer: Strong Path to Production
 0.15
Developer: Strong Path to Production
 05/10/2024 0
Cash Flow Multiplier: 10 10 05/10/2024 0.00

Resource Data

GOLD 05/10/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: 1.80M 1.80M 05/10/2024 0.00M
Inferred: 1.00M 1.00M 05/10/2024 0.00M
Reserves & Resources: 2.80M 2.80M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: 1.37M 1.37M 05/10/2024 0.00M
Inferred: 0.48M 0.48M 05/10/2024 0.00M
Reserves & Resources: 1.84M 1.84M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/13/2023 $0.00
Extra Operating Cost: n/a n/a 05/13/2023 $0.00
Total: $1,600 $1,600 05/13/2023 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): 6.00 g/t 6.00 g/t 05/10/2024 n/a
Open Pit (Avg): n/a n/a 05/13/2023 n/a
Recovery Rate: (CG)  95.00% (CG)  95.00% 05/10/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: 2.50M 2.50M 05/10/2024 0.00M
Annual Production: 100,000oz. 100,000oz. 05/10/2024 0oz.
Cash Cost: $1,050 $1,050 05/10/2024 $0
Extra Operating Cost: $550 $550 05/10/2024 $0
SILVER 05/10/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: n/a n/a 05/13/2023 0.00M
Inferred: n/a n/a 05/13/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: n/a n/a 05/13/2023 0.00M
Inferred: n/a n/a 05/13/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/13/2023 $0.00
Extra Operating Cost: n/a n/a 05/13/2023 $0.00
Total: n/a n/a 05/13/2023 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 05/13/2023 n/a
Open Pit (Avg): n/a n/a 05/13/2023 n/a
Recovery Rate: n/a n/a 05/13/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Annual Production: n/a n/a 05/13/2023 n/a
Cash Cost: n/a n/a 05/13/2023 n/a
Extra Operating Cost: n/a n/a 05/13/2023 n/a

Property

Last Analysis Data  (05/10/2024)
Stage Name Owned Au Ag Cu Notes
Dev Madsen 100% show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.
Exp Mount Jamie 100% show
Early exploration
Exp Red Summit 100% show
Early exploration
Exp Rowan 100% show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.
Total Land Package Size (ha): 7,800  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Madsen 100% show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.
Exp Mount Jamie 100% show
Early exploration
Exp Red Summit 100% show
Early exploration
Exp Rowan 100% show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.
Total Land Package Size (ha): 7,800  

Profitability (by resource)

Proven &
Probable		 05/10/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 05/10/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.80M 1.80M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 5.54M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.37M 1.37M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 4.21M
Maximum Profit (Gold): $1,030.38M $1,306.30M n/a $275.93M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,030.38M $1,306.30M n/a $275.93M
Max Profit / Current MCap: 5.422 6.246 n/a 0.823
Max Profit Per Share (Gold): $2.65 $3.36 n/a $0.71
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.65 $3.36 n/a $0.71
Total Free Profit Per Share: $1.98 $2.63 n/a $0.65
FD MCap / Gold Eq.: $138.91 $152.89 n/a $13.98
FD MCap / Silver Eq.: $1.67 $1.78 n/a $0.10
FD MCap / Per Metal
as % Spot Price:		 5.90% 5.98% n/a 0.08%

Reserves &
Resources		 05/10/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 2.80M 2.80M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 8.62M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.84M 1.84M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 5.67M
Maximum Profit (Gold): $1,388.15M $1,759.88M n/a $371.73M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,388.15M $1,759.88M n/a $371.73M
Max Profit / Current MCap: 7.305 8.414 n/a 1.109
Max Profit Per Share (Gold): $3.57 $4.52 n/a $0.96
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.57 $4.52 n/a $0.96
Total Free Profit Per Share: $2.90 $3.79 n/a $0.90
FD MCap / Gold Eq.: $103.11 $113.48 n/a $10.38
FD MCap / Silver Eq.: $1.24 $1.32 n/a $0.08
FD MCap / Per Metal
as % Spot Price:		 4.38% 4.44% n/a 0.06%

Future Valuation (Cash Flow & Totals)

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